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spark ventures plc (SPK) Details

SPARK Ventures plc is a venture capital firm specializing in seed, early stage, series A, and series B investments. It also invests in pre-IPO stages. The firm invests in financial services, media, information and communication technology, digital information and technology, healthcare, and life sciences. It prefers to invest in companies based in Europe and can also co-invest outside Europe with local venture capital firms. The firm also seeks to make follow on investments. SPARK Ventures plc was founded in 1999 and is based in London, the United Kingdom with additional offices in Stockholm, Sweden; Madrid, Spain; and Berlin, Germany.

spark ventures plc (SPK) Key Developments

SPARK Ventures plc reported preliminary earnings results for the year ended March 31, 2015. For the period, the company reported revenue of GBP 86,000 against GBP 1,366,000 a year ago. Loss before taxation was GBP 2,357,000 against GBP 7,633,000 a year ago. Loss and total comprehensive income for the year was attributable to equity shareholders of the parent was GBP 2,357,000 against GBP 7,633,000 a year ago. Net cash outflow from operating activities was GBP 5,157,000 against GBP 1,534,000 a year ago. EBITDA up 27% to GBP 9.2 million against GBP 7.2 million a year ago. Adjusted profit after tax up 48% to GBP 5.6 million against GBP 3.8 million a year ago. Net cash generated from operating activities of GBP 8.2 million, representing operating cash conversion of 90%. Operating losses of GBP 1.5 million are approximately half those of 2014 due to the absence of property losses in the current year and a substantial reduction in the management fee.

SPARK Ventures plc reported unaudited consolidated earnings results for the six months ended September 30, 2014. For the period, the company reported revenue of £84,000 against £1,029,000 a year ago. Profit before taxation was £730,000 against loss before taxation of £6,689,000 a year ago. Profit and total comprehensive profit for the financial period attributable to the equity shareholders of the parent was £730,000 against loss and total comprehensive loss for the financial period of £6,689,000 a year ago. Net cash outflow from operating activities was £3,182,000 against £933,000 a year ago. Net asset value per share was 6.13 pence against 11.41 pence a year ago. Adjusted NAV per ordinary share was 5.61 pence.

SPARK Ventures plc to Report Q2, 2015 Results on Dec 12, 2014

Dec 10 14

SPARK Ventures plc announced that they will report Q2, 2015 results on Dec 12, 2014

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